The non-performing loan (NPL) rate of China’s five major banks was down by one percentage point to 1.8 percent from the start of the year, the China Banking Regulatory Commission (CBRC) said Thursday.
Non-performing loans fell by 63.8 billion yuan to 357 billion yuan (52.3 U.S. dollars) in 2009, according to the statement, accounting for about [...]
China’s banking regulator issued a guideline Wednesday requiring the country’s commercial bank executives and employees’ pay to be based on performance assessment in a move to align the pay system in the sector.
Under the guideline, at least 40 percent of bonuses for banks’ top executives must be deferred for a minimum 3-year period. Banks will [...]
Agricultural Bank of China (ABC) has seen a 26.3 percent surge in its net profit for 2009 as the country’s third-largest lender reaped gains from the country’s rapid credit expansion and reform of its rural operations, said its chairman Xiang Junbo.
Tags: ABC, bank, China Finance
Bank of China (BOC), the third largest lender in the country, said Monday it would offer less new loans this year as the bank strives to rein in its credit growth at a reasonable rate.
But the bank would still maintain its relatively high lending growth rate in order to meet client demand and allow for [...]
Profits should be used to replenish their capital bases first, says CSRC
China’s securities regulator yesterday said that it hopes the big banks choose to use their profits to replenish their capital base first.
“The big banks should use their profits first for refinancing,” Zhu Congjiu, assistant to chairman of the China Securities Regulatory Commission (CSRC) said [...]
China Development Bank (CDB) Friday claimed it was looking to extend ties with Barclays, refuting a rumor that it was considering selling its stake in the UK lender.
Media reports Thursday quoted CDB president Jiang Chaoliang as saying the bank was reviewing its strategic ties with Barclays, including its equity stake in the lender.
Responding to the [...]
